Prepandemic employment levels in Spain but the job market is still very fragile

Prepandemic employment levels in Spain but the job market is still very fragile.

05-11-2021E - EFE

As tourism reopened this year, more jobs were created - obviously. But now that the tourist industry is winding down, more jobs will be lost, until tourism reopens next year.
It is a roller coaster of a workplace for millions and Spain remains at the forefront of unemployment in the eurozone.

The unemployment rate in the European Union fell two tenths in September compared to August and stood at 6.7%, while in the euro area the drop was one tenth, reaching 7.4%. Among the twenty seven, Spain continues to be the euro country with the highest unemployment rate with 14.6%, two tenths less than in August and ahead of Greece, with 13.3%, or Italy, with 9.2%.

Spanish unemployment fell by 1.9 points, from 16.5% in September 2020 to 14.6% in the same month this year. Unemployment among those under 25 years of age fell three tenths in the euro area between August and September 2021, from 16.3% to 16%, while in the EU it fell two tenths, from 16.1% to 15.9%. In addition, Spain also has the highest youth unemployment rate of the European Union, with 30.6%.

Looking at the latest figures released this week, with the Balearics leading employment growth, the figures need to be looked at much more closely because seasonal part time contracts dominate the market and that does create a solid and grounded workforce.

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